The study applies a BEKK GARCH-M model to examine the effect of uncertainty on the levels of inflation and output growth in Nigeria. The results suggest a significant positive effect of inflation uncertainty on the level of inflation, supporting the Cukierman and Meltzer (1986) hypothesis. In...

Purpose: This study aims to undertake an institutional analysis of capital flight and examine the drivers of capital flight from Burundi. Design/methodology/approach: Given the episodes of political instability and poor governance which have characterized Burundi’s landscape in the past...

This study examines the causal links between exports and economic growth in COMESA countries so as to assess Export-led Growth and Growth-driven Export hypotheses. The study applies Granger causality tests in heterogeneous panels recently developed by Dumitrescu and Hurlin (2012). The results...